Qries

Head Risk Employment Opportunity – Stanbic Bank

Job Title:   Head
Risk
Organisation: Stanbic
Bank
Duty Station: 
Kampala, Uganda
About US:
Stanbic Bank Uganda Limited is
a subsidiary of Stanbic Africa Holdings Limited which is in turn owned by
Standard Bank Group Limited (“the Group”), Africa’s leading banking and
financial services group. The Standard Bank Group is the leading banking group
focused on emerging markets. It is the largest African banking group ranked by
assets and earnings. Stanbic Bank Uganda Limited is the largest bank in Uganda
by assets and market capitalization. It offers a full range of banking services
through two business units; Personal and Business Banking (PBB), and Corporate
and Investment Banking (CIB).
Job Summary: The Head Risk
is accountable should have an oversight of all risk types be it Legal,
Compliance, Liquidity and IRR despite these Risk Types being delivered by other
functions. In some cases, the Head Of Risk double hats as a Head of a Risk Type
in country (usually Operational Risk).
Key Duties and Responsibilities:
Risk Leadership:
  • Provide strategic guidance on all Risk
    matters in the Legal Entity
  • Develop and maintain a comprehensive Risk
    Management Framework/Plan for the Legal Entity; that is derived from
    various inputs – such as business strategy; regulatory requirements,
    policies (Stress Testing Framework), Capital adequacy (ICAAP), Business
    Risk Appetite etc.
  • Ensure that all Risk Management Policies,
    standards and procedures are approved by the Board and implemented within
    the Legal Entity. 
  • Ensure the Risk division’s compliance with
    all current and prospective regulatory and prudential requirements in so
    far as it relates to the various Risk Types (Credit Risk, Operational
    Risk, Market Risk, Liquidity and IRR risks).
  • Embed a strong Risk culture within the
    Legal Entity that supports doing the right business the right way.
  • Ensure the appropriate adoption of Risk
    management actions and mitigations for the Legal Entity; through proactive
    trending and thematic analysis of external factors, business challenges,
    Risk policy, breaches etc.
  • To ensure the independence and objectivity
    of the Risk function.
Risk Management:
  • Ensure effective capabilities, processes
    and procedures within Risk to support the Business strategy and optimise
    the use of resources to achieve targeted returns. This includes the
    coordination of Legal Entity Human Capital processes such as Performance
    Management, Talent Management, Learning and Development, Succession
    Planning and Recognition.
  • Ensure the full implementation of Legal
    Entity Risk Governance Framework; including the administration of Risk
    Governance that provides effective oversight and reporting that is of a
    high quality, standardized, and a single point of contact for information
    and data.
  • Effectively lead the Risk agenda in all
    Governance Committees.
  • Provide ongoing support, coordination and
    guidance to the Risk fraternity within the Legal Entity.
  • Lead and chair a Risk Governance Committee
    within country through the co-ordination of Risk-type matters and
    cross-risk issues.
  • Ensure the effective partnership of the
    Risk Governance Committee and broader Risk business lines, IT, Finance,
    Operations and HC.
  • Financial Management of the Risk division
    within the Legal Entity (opex, capex).
  • Management of the Legal Entity’s insurance
    cover to ensure that assets are adequately protected.
Relationship / Stakeholder Management: 
  • Co-ordinate interactions with the local Regulators
    on all Risk-related matters to ensure the Bank meets the Regulator
    expectations as far as Risk Management practices are concerned.
  • Across the Bank – maintain a wide network
    of internal stakeholders to ensure that both country and Risk-type strategies
    and deliverables are met.  This
    includes robust escalation management of issues.
  • Within the Legal Entity – maintain
    effective, collaborative relationships with Senior Management, business
    lines and within the Risk fraternity to ensure that Risk practices are
    aligned to the Bank’s strategy.
  • Promote the universal banking construct
    within Risk; promoting opportunities to leverage across Risk-types and
    business lines. This includes effective relationships with Risk Type
    matrix Heads.
Risk-Type Accountabilities:
  • Facilitate the determination of the
    Business Risk Appetite across Risk Types.
  • Keep a proactive working relationship with
    business heads to keep up to date with business challenges and Risk
    implications.
  • Ensure Governance and Assurance across all
    Risk Types to provide effective oversight and reporting that is of a high
    quality, standardized, and a single point of contact for information and
    data.
  • Ensure all Risk-Type standards, policies
    and procedures are embedded in the Legal Entity.
  • Ensure resources are optimized to support
    the business strategy through effective capabilities, processes and
    procedures.
 Credit Risk:
  • Chair the Country Credit Risk Management
    Committee and ensure compliance to Credit Governance Standards, Policies
    and Guidelines; inclusive of annual Legal Entity and BU Risk Appetite
    reviews.
  • Support Credit Heads with ongoing
    portfolio management, Credit Risk assessment and internal control.
  • Ensure compliance to Credit Governance
    standards, policies and guidelines; escalating any breaches and incidents
    timeously.
  • In cases where the HoR holds a Credit
    Delegated Authority; independence and objectivity and regulations need to
    be upheld.
  • Identify when deep drills are required;
    ensuring they are done to the required standard and within required timelines
 Market Risk:
  • Ensure adequacy and appropriateness of
    Market Risk measurements metrics, processes and controls.
  • Co-ordinate with global Market Risk
    resources to manage relevant ‘OneCIB’ transactions.
  • Adopt and embed Market Risk standards,
    policies and procedures.
  • Provide expert advice to business on
    Market Risk function and controls; minimizing market risk losses through
    adequate processes and systems.
  • Review monthly Market Risk ALCO reports
    prior to ALCO committee meetings.
  • Identify when deep drills are required;
    ensuring they are done to the required standard and within required
    timelines.
 Integrated Operational Risk:
  • Implementation, validation and monitoring
    of operational risk management processes within the business; ensuring a
    continuous improvement intention to ensure that practices are fit for
    purpose.
  • Ensure effective information risk and
    cyber risk measures are in place to support the Bank’s digitization and
    technological aspirations.
  • Provide operational risk tools and
    training support to business.
  • Ensure adequate, preventative, detection
    and responsive tools and measures to ensure effective Financial Crime
    Control.
  • Assist in the development of cross
    departmental coordination on cross cutting operational risk issues;
    including those relating to shared
  • Pre-empt the development of standards,
    procedures and process maps where operational gaps exist across
    businesses; using sample-based back testing analysis on operationally
    vulnerable areas.
  • Proactively lead the identification of
    control deficiencies from Internal Audit, Risk Assurance, Forensics, BCM,
    incident reports and external sources; to ensure proactive ‘fit for
    purpose’ remediation of any Risk exposures.



Qualifications, Skills and Experience: 
  • The
    ideal candidate for the Stanbic Bank Head Risk job placement should preferably hold a Bachelor’s
    degree in Finance/Accounting or Commerce
  • Five to ten years of banking experience
    the majority of which in a relevant risk management environment.
  • A relevant tertiary qualification (a risk
    management qualification would be an advantage);
  • In-depth understanding of the bank’s
    business environment, strategy and plans and products;
  • Practical knowledge of how to input,
    access and utilise information from the network/systems to analyse and
    forecast trends;
  • A working knowledge of the bank’s
    operating systems and controls;
  • Computer literacy skills i.e. MS Office
How to Apply:
All candidates who wish to join
the one of Africa’s biggest Banking Groups, Standard Bank in the aforementioned
capacity are encouraged to Apply Online by visiting Link below.
Deadline: 31st December 2018

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